Gold gains after Yellen's testimony

Source: Bloomberg
Gold advanced after Fed's Chairman nominee Janet Yellen said that monetary stimulus programme will not be scaled back until nation's economy and employment improve, reducing worries that the Fed will start tapering soon. The Yellow metal for immediate delivery added 0.1% to $1.,282.75 an ounce, while gold for December delivery climbed 1.1% to $1,282.20 an ounce as of 7:05 a.m. today.
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Thu, 14 Nov 2013 14:41:03 GMT

U.K. shares rise on Yellen's remarks

U.K. shares gained after Fed's next Chairman Janet Yellen stated that U.S. economy must grow before nation's central bank will start to taper its monetary stimulus. The FTSE 100 Index added 0.8% to 6,683.93 as of 8:58 a.m. London time, bouncing off from a 1.4% decline on Wednesday. The FTSE All-Share Index gained 0.8% today, while Ireland's ISEQ Index increased

Thu, 14 Nov 2013 14:05:07 GMT

Sterling depreciates as U.K. retail sales declined

The British currency dropped for the fourth day out of last five against the U.S. Dollar as data showed that U.K. retail sales declined in October. The Sterling slipped 0.3% to $1.6007 as of 10:47 a.m. in London, while it traded at 83.92 pence per Euro after climbing 0.6 on Wednesday. The Pound rose 3.6% in the last three months,

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